Tech shares lower as Trump rejects talk of AI bubble

Tech shares were back under pressure Friday, leading major indices lower as President Donald Trump dismissed worries about an artificial intelligence stock bubble.

“No, I love AI. I think it’s going to be very helpful,” Trump said in response to an AFP reporter about whether there is an AI bubble.

“It’s truly going to be the future, and we’re leading the world.”

But shares of Amazon, Google-parent Alphabet and AI chip giant Nvidia were among those in the red Friday, a dynamic that weighed especially heavily on the tech-rich Nasdaq Composite Index, which…